Dow Jones Industrials: "This Is The Line of Death"

In the 1970's Muammar Gaddafi claimed the Gulf of Sidra as territorial waters and declared the vector from Benghazi to Misratah his fearsome "Line of Death" and anyone foolish enough to cross said Line of Death would be met by the full wrath of the Libyan air force.

On Aug. 19, 1981 the U.S. Sixth Fleet was in the Gulf, the Libyans sent up their Air Force,
two F-14's from the Nimitz shot them both down and Robin Williams got a bit out of it:

...Here's a man who had the audacity to go:
"This is the line of death. You cross it, you die." {Pause}
"Okay, you cross this line, you die." {Pause}
"Okay, you cross this line, you die."
"This line, you die."
"Okay, you're knocking on my door,
I'm not coming out. Naaaaah"

Here's the 1986 performance, Live at the Met:

Two quick notes:

1) The S&P 500 was able to get past the line at 2813 on its sixth attempt.
2) The DIA is the SPDR® Dow Jones Industrial Average ETF.

And from Slope of Hope:
The Keystone Stops

After the excitement of yesterday (if you want to call it that), it pays to reflect on where things stand with a couple of the major ETFs representing Dow stocks. Try though it might, the DIA actually failed to overcome its resistance line. I’ve tinted all prior attempts, including yesterday.

The same can be said of the Transports IYT, but even moreso, since recent attempts haven’t come nearly as close....MORE

After S&P 2813, "this is the new line of death."